Technical
Financial
Distress signals
Property profile

5340 Hwy 20th S Covington, GA 30016

OFF-MARKET
Strip malls
Property ID
US22-1557935
78,800 SF 17.98 ac lot Built 1997
Entity Owned 7-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional retail opportunity presents itself in the form of Newton Crossroads, a Kroger-anchored shopping center located at 5340 Highway 20 in Covington, Georgia, 30016. The property boasts a total of 78,896 square feet and comprises two suites within a multi-tenant shopping center. Currently, there are 4,200 square feet of vacant retail space available, offering flexible options for prospective tenants. Units are divisible to a minimum of 1,200 square feet, with a maximum contiguous space of 3,000 square feet, making it ideal for a variety of retail businesses. The strategic location in Newton County provides excellent visibility and accessibility, benefiting from the high traffic volume generated by the anchor tenant, Kroger. This presents a unique chance to establish a presence in a thriving retail environment. The property's prime location and the availability of well-sized, adaptable spaces make it an attractive investment for businesses seeking to expand or establish themselves in the Covington market. The address is easily accessible from Highway 20, ensuring high visibility and convenient access for customers. This is a rare opportunity to secure space in a well-established and successful shopping center.

Property profile

Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1997
Construction TYPE NOT SPECIFIED
Total area 78,800 SF
Lot 17.98 ac (783,209 SF)
Zoning code C1
APN 0007A-00000-039-000
UPID US22-1557935

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

5340 Hwy 20th S Covington, GA 30016-8085
Covington metro Census 100903 ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.47M

Owner & transaction history

since 2019
3 recorded transactions
2019
Price N/A
2009
Price N/A
1969
Price N/A

Zoning & alternative use

C1 · Covington, GA

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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